After yesterday's interest rate-fueled surge, another analyst is stepping to the sidelines.Shares of ASML Holdings (ASML -3.82%) were falling on Friday, down as much as 4.6% in early-morning trading, before recovering to a 3.4% decline as of 12:45 PM EDT.After Wednesday's 50-basis point interest rate cut spurred a rally on Thursday, ASML gave back most of those gains today, as one analyst moved to the sidelines on the company's shares.Morgan Stanley moves to equal weightSemiconductor analysts at Morgan Stan ...

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FedEx results indicate investors should not expect a quick recovery in the transport sector.FedEx sounded the alarm, and investors in its archrival are taking notice.Shares of United Parcel Service (UPS -2.59%) traded down 3% as of 2 p.m. ET after FedEx missed quarterly expectations and lowered its full-year forecast.Falling in sympathyTransportation companies have been stuck in traffic for the last few years. A surge in shipments after the height of the pandemic gave way to a slowdown as the economy cooled ...

Microchip Technology (MCHP) recently introduced the Microchip Graphics Suite (MGS), a comprehensive solution aimed at simplifying the integration of graphical user interfaces (GUIs) into electronic devices. Designed to enhance user experiences by enabling intuitive and visually appealing interactions, MGS supports embedded developers in incorporating animations, images and touchscreens into its designs. Seamlessly integrating with Microchip’s 32-bit microcontrollers (MCUs) and microprocessors (MPUs), MGS is ...

Johnson & Johnson (JNJ) announced that the FDA approved a combination therapy involving EFGR/MET inhibitor Rybrevant (amivantamab) for expanded use in certain patients with non-small cell lung cancer (NSCLC).With this nod, Rybrevant combined with standard-of-care chemotherapy (carboplatin and pemetrexed) is approved for treating patients with locally advanced or metastatic NSCLC with EGFR exon 19 deletions (ex19del) or L858R substitution mutations, whose disease has progressed on or after receiving with an ...

Shares of Longboard Pharmaceuticals (LBPH) gained 14% on Thursday after it announced that the FDA granted two designations — orphan drug and rare pediatric disease — to its lead pipeline drug bexicaserin for the treatment of Dravet syndrome (DS).An orphan drug designation is granted by the FDA to the candidates developed to treat, diagnose or prevent a rare disease or condition. This designation makes the sponsor eligible to receive seven years of market exclusivity following a potential approval and tax cr ...

Topgolf Callaway Brands Corp. (MODG) signed a multiyear agreement with Golf Saudi Entertainment LLC (Golf Saudi) to expand its brands in Saudi Arabia. This deal includes popular brands like Topgolf, Callaway, TravisMathew, Odyssey and Ogio, further supporting the company's global growth.MODG is expanding into the Middle East by partnering with Golf Saudi to establish its presence in Saudi Arabia. This collaboration will introduce innovative offerings and enhance the growth of golf in the region, positioning ...

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in BABA over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The inf ...

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The iPhone 16 officially goes on sale Friday. But for its earliest adopters, it arrives with a fundamental compromise baked into the deal.Put simply, this is not the iPhone 16 that they were promised. Tim Cook said it would be “first iPhone built for Apple Intelligence.” But that “for” is key: the handsets actually will not have its most hyped AI features out of the gate. This feels like a turning point for Apple. When it comes to new features on phones, the company may not always be known for being the fi ...